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  • Eyes on Fed after ECB, other bank stimulus moves

    The United States Federal Reserve Board building is shown in WashingtonBy Caroline Valetkevitch NEW YORK (Reuters) - The Federal Reserve could be key for Wall Street next week as investors get to hear from the U.S. central bank for the first time since a series of moves by its global peers, including the European Central Bank's massive stimulus plan. Thursday's larger-than-expected stimulus package from the ECB lifted U.S. stocks, helping indexes post gains for the week after three straight weeks of losses.


  • Venezuela's currency woes an increasing threat to U.S. corporate profits

    A cashier counts Venezuelan bolivar notes in a state-run supermarket in CaracasBy Tim McLaughlin and Svea Herbst-Bayliss (Reuters) - Venezuela's deepening economic troubles, and in particular the weakness of the bolivar and restrictive currency controls, have hurt U.S. corporate profits for the fourth quarter of 2014 and are set to inflict further pain this year. In a likely sign of things to come from a number of companies this results reporting season, Ford Motor Co on Friday said it was taking a pre-tax charge of $800 million for its Venezuela business. Ford also said that it was unable to maintain normal production in Venezuela with the availability of vehicle parts constrained. Also on Friday, diaper and tissue maker Kimberly-Clark Corp said it took a fourth-quarter charge of $462 million for its Venezuelan business.


  • U.S. existing home sales, economic activity gauge rise

    A sign marks a house for sale by the owner in the Capitol Hill neighborhood in WashingtonThe National Association of Realtors said on Friday existing home sales increased 2.4 percent to an annual rate of 5.04 million units last month. "The still-tight mortgage credit conditions and more challenging first-time homebuyer affordability that were revealed by the failure of home sales to continue recovering last year remain serious concerns as we head into 2015," said Ted Wieseman, an economist at JPMorgan in New York. First-time buyers made up 29 percent of transactions in December as well as for the year as a whole, well below the level needed to boost growth in the housing market.  For all of 2014, existing home sales fell 3.1 percent, the first annual drop in four years. The housing market has struggled to maintain momentum since stagnating in the second half of 2013 following a run-up in mortgage rates.



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    Financial Markets Book

    Financial Markets For The Rest Of Us
    An Easy Guide To Money, Bonds, Futures, Stocks, Options, And Mutual Funds

    ISBN: 0595202756 / Publisher: iUniverse / Date: Nov 2001 / Page Count: 418

    "Financial Markets For The Rest Of Us" is a reference and tutorial covering various financial markets in the USA and the rest of the world. The book comprises six major chapters covering the concepts of money, bonds, futures, stocks, options, and mutual funds. It cleverly illustrates the operation and interdependencies of these various markets, while keeping the language simple for everyone to follow. If you have ever wondered about how the financial markets operate, or you have ever felt overwhelmed by the complexities of the financial markets, this book is for you.


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